The Economy and Development Council chaired by President Marcos has set 2026 as a rally point to fast-track the implementation of its overall development blueprint and to restore public confidence.
The ringgit closed lower against the US dollar yesterday following the United States Federal Reserve's (Fed) decision to keep interest rates unchanged, which supported the greenback. Read full story
Popular, Inc. offers retail and commercial banking services across Puerto Rico, the U.S., and the British Virgin Islands.
Major cryptocurrencies plummeted on Thursday, with Bitcoin falling 5% and Ethereum dropping nearly 7% by mid-morning, amid a wave of geopolitical and tech-sector concerns.The slump came as tensions ro...
Reducing the food weight would have important ramifications for the Reserve Bank of Indias monetary policy.
Is OpenAI suddenly toxic?The market is sensing that ChatGPT is going to lose the generative AI race because they can't keep up with the spending of Google and others. Plus they don't have the data and integration of their megacap competitors.Microsoft posted a 24% rise in y/y earnings today but shares are down 11.5%. That makes today the 9th worst day ever for Microsoft stock by by far the largest single-day drop in market cap.In fact, this is the second-largest single day market cap destruction after the Jan 28, 2025 decline in NVDA. Here is the chart of the worst ever days for market cap wipeouts. It doesn't include MSFT stock today but it's down around $400 billion.The company has bet big on OpenAI and the market is questioning the wisdom of that, with new disclosures revealing that OpenAI accounts for 45% of Microsoft's total long-term backlog. This unusually high concentration has raised concerns about Microsoft's exposure to a single partner, especially amidst questions about OpenAI's future funding needs.In the core business, Azure revenue grew by 38–39% (beating guidance slightly) but decelerated compared to the previous quarter (40%) and barely surpassed the high expectations built into the stock price. Analysts at Evercore noted that investors are now demanding "clearer evidence" that the elevated spending is translating into faster growth, which wasn't sufficiently visible in this report.The primary driver of the negative sentiment is the 66% year-over-year jump in capital spending, which hit a record $37.5 billion for the quarter. Investors are spooked by the sheer scale of the spending on AI infrastructure without seeing a proportional acceleration in immediate revenue. The market may also question whether MSFT can execute after the terrible co-pilot rollout.Overall, this isn't a great sign of market sentiment and the AI trade and you can see that in a 2.4% decline in the Nasdaq. This article was written by Adam Button at investinglive.com.
LIVE: Crypto bill reaches U.S. Senate milestone as lawmakers mull changes on way to voteThe Senate Agriculture Committee is holding a markup hearing on crypto market structure legislation.What to know:- The Senate Agriculture Committee is holding a markup hearing on crypto market structure...
The new CPI series, which will also have the base year as 2024 instead of 2012, is being introduced with an aim to look at the key macroeconomic indicators more accurately and assess the broader consumption pattern of households in the country.
Quick Read XRP trades roughly 50% below its July 2025 cycle high of $3.65 despite regulatory clarity and $1.3 billion in ETF inflows since November 2025. Ripple CEO Brad Garlinghouse predicted crypto markets will hit all-time highs in 2026, though he did not single out XRP...
Cryptocurrencies are mirroring a tech selloff that has dragged down stocks amid no signs of easing up on artificial-intelligence spending even as doubts persist about the staying power of demand to...
Pragmatic reforms needed to sustain renewable energy momentum: Eco Survey Challenges such as high capital costs, land acquisition delays, and grid availability need to be addressed through appropriate instruments, including innovative financing mechanisms and optimised project execution, to sustain India's renewable energy momentum, the Economic Survey said on Thursday. The survey, tabled in Parliament, has also highlighted that prices of silver, an input material for solar panels, are likely to continue to increase due to its sustained demand as a safe-haven investment amid global uncertainties. The survey said India's energy landscape is undergoing a structural transformation. The country maintains a dominant global presence, ranking third in overall RE capacity and installed solar capacity and fourth in installed wind capacity. It has already surpassed the goal of 50 per cent installed power capacity from non-fossil fuel sources (stood at 51.93 per cent at the end of December 2025), supported by record annual additions of renewable energy capacity. During 2025-26 (up to December 31, 2025), a total of 38.61 GW of renewable energy capacity has been installed in the country, which includes 30.16 GW of solar power, 4.47 GW of wind power, 0.03 GW of Bio-Power and 3.24 GW of hydro power. To sustain India's renewable energy momentum, challenges such as high capital costs, land acquisition delays, and grid availability need to be addressed through appropriate instruments, including innovative financing mechanisms and optimised project execution. Further, large-scale integration of Battery Energy Storage Systems (BESS) and Pumped Storage Hydropower (PSP) can address the inherent variability of renewables, ensure grid stability and peak-load management, and enable reliable, large-scale adoption of renewables to support the transition to a clean, secure, and resilient power system. India has set a 500 GW non-fossil fuel-based capacity target. The survey said renewable energy systems of solar and wind are highly material-intensive and require capital-intensive energy storage technologies for integrating renewable energy into the energy grid. Solar panels with a power capacity of 1 GW require approximately 18.5 tonnes of silver, 2,000-3,000 tonnes of polysilicon, and 10,252 tonnes of aluminium, it added. Prices of gold and silver are likely to continue increasing due to their sustained demand as safe-haven investments amid global uncertainties, the survey noted.